IMARC Group has recently released a new research study titled, “Coating Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the coating equipment market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.
Market Performance:
The global coating equipment market reached a value of US$ 19.58 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 27.7 Billion by 2027 exhibiting a CAGR of 5.70% during 2022-2027.
Year Considered to Estimate the Market:
Base Year of the Analysis: 2021
Historical Period: 2016-2021
Forecast Period: 2022-2027
Coating Equipment Market Market Overview:
Coatings are a mixture of film-forming substances applied on various substrates, including polymers, glass, metals, and ceramics, to improve their aesthetic appeal and functional properties. The equipment used to apply these coatings is generally available in liquid, powder, and specialty variants. It helps ensure proper mixing and drying of various materials, improves operational efficiency, and promotes the uniform application of paints or coatings on different components. As a result, coating equipment finds extensive applications in the construction, industrial, automotive, and aerospace industries across the globe.
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Coating Equipment Market Trends:
The global coating equipment market is primarily driven by the rising product adoption across commercial and residential establishments due to ongoing construction projects and the growing need to industrialize the liquid gasket coating process with enhanced efficacy. Moreover, the surging adoption of electric vehicles (EVs) owing to the increasing environmental consciousness has augmented the demand for coating equipment to impart aesthetic appeal and protect automobile substrates and components against rust and other damages.
Additionally, numerous product innovations, such as the introduction of specialized coating equipment and extensive technological advancements in coating processes to meet evolving requirements for various applications, have catalyzed market growth. Furthermore, the increasing use of powder coating equipment in door frames, building facades, aluminum window extrusions, bathrooms, and electrical fitting due to its beneficial properties, such as longevity, durability, and eco-friendly nature, is contributing to the market growth. Other factors, including the rising need for cost-effective coatings system alternatives, rising population, inflating disposable incomes, and elevating living standards, are also anticipated to drive the market further.
| Coating Equipment Market Report Scope | |
| Report Coverage | Details |
| Market size value in 2021 | US$ 19.58 Billion |
| Market forecast in 2027 | US$ 27.7 Billion |
| Growth Rate | CAGR of 5.70% from 2022 to 2027 |
Market Segmentation:
The report has segmented the market on the basis of product, distribution channel and application.
Breakup by Product:
- Powder Coating Equipment
- Liquid Coating Equipment
- Specialty Coating Equipment
Breakup by Distribution Channel:
- Wholesale Distributor
- Retail Distributor
Breakup by Application:
- Automotive
- Aerospace
- Construction
- Industrial
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
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Competitive Landscape With Key Players:
The competitive landscape of the coating equipment market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Nordson Corporation
- Samvardhana Motherson Group.
- Hydromer
- Graco Inc.
- Praxair Surface Technologies Inc. (Linde plc)
- OC Oerlikon
- Castolin Eutectic
- J. Wagner GmbH
- Asahi Sunac Corporation
- Larius S.r.l
- IHI Corporation
- Anest Iwata Corporation
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
Key Highlights of the Report:
- Porter’s Five Forces Analysis
- Market Performance (2016-2021)
- Impact of COVID-19
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
- Market Outlook (2022-2027)
Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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